Student Housing
ALTURA Student Living
400 Putnam Dr, Tallahassee, FL 32301
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap invites qualified investors to review ALTURA Student Living, a 320-bed student housing asset located in Tallahassee, FL, catering to Florida A&M University. With major redevelopments completed in 2023 and seven roof replacements in 2025, an investor has the ability to focus on rental increases and operations instead of renovations.
ALTURA Student Living
Investment Highlights
- In-place rents are ~26% below the comparable average, creating clear mark-to-market upside while maintaining an attainable position within the market.
- Comprehensively redeveloped in 2023 with seven roofs replaced in 2025, ALTURA Student Living offers a modern physical product with limited near-term capital needs.
- Limited new off-campus supply serving FAMU contrasts with projected enrollment growth and 32K+ applications, supporting continued demand for ALTURA Student Living
- ALTURA Student Living sits within Tallahassee's transforming Southside corridor, supported by $1.13B+ of recent public and private investment and continued infrastructure growth
- ALTURA Student Living combines 320 beds, fully upgraded interiors and a market-leading amenity package, creating a differentiated institutional-scale housing option for FAMU students
- ALTURA benefits from Tallahassee's 55,000+ student population across FAMU and FSU, providing a deep, diversified renter base that supports long-term student housing demand
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- In-place rents are ~26% below the comparable average, creating clear mark-to-market upside while maintaining an attainable position within the market.
- Comprehensively redeveloped in 2023 with seven roofs replaced in 2025, ALTURA Student Living offers a modern physical product with limited near-term capital needs.
- Limited new off-campus supply serving FAMU contrasts with projected enrollment growth and 32K+ applications, supporting continued demand for ALTURA Student Living
- ALTURA Student Living sits within Tallahassee's transforming Southside corridor, supported by $1.13B+ of recent public and private investment and continued infrastructure growth
- ALTURA Student Living combines 320 beds, fully upgraded interiors and a market-leading amenity package, creating a differentiated institutional-scale housing option for FAMU students
- ALTURA benefits from Tallahassee's 55,000+ student population across FAMU and FSU, providing a deep, diversified renter base that supports long-term student housing demand
Investment Overview
Marcus & Millichap invites qualified investors to review ALTURA Student Living, a 320-bed student housing asset located in Tallahassee, FL, catering to Florida A&M University. With major redevelopments completed in 2023 and seven roof replacements in 2025, an investor has the ability to focus on rental increases and operations instead of renovations.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
